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Record number of Americans are homeless amid nationwide surge in rent, report finds

www.cbsnews.com Record number of Americans are homeless amid nationwide surge in rent, report finds

Rents over the last two decades have risen much faster than employee pay, contributing to an escalating homelessness crisis in the U.S.

Record number of Americans are homeless amid nationwide surge in rent, report finds

A growing number of Americans are ending up homeless as soaring rents in recent years squeeze their budgets.

According to a Jan. 25 report from Harvard's Joint Center for Housing Studies, roughly 653,000 people reported experiencing homelessness in January of 2023, up roughly 12% from the same time a year prior and 48% from 2015. That marks the largest single-year increase in the country's unhoused population on record, Harvard researchers said.

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